Commercial property insurance: Future challenges, priorities and trends

In January 2017, LexisNexis Risk Solutions completed a comprehensive study on how digitisation is affecting UK commercial property insurers. It formed part of an anonymously conducted survey that explored a variety of insurer and market insights. From defining the risks and opportunities of digitisation, to understanding the value of using data analytics and contributory databases, the study also looked at the business challenges, priorities and trends for commercial property insurers in the future.

The research revealed that UK commercial property insurers are facing a complex mix of challenges in an uncertain political and economic climate - including effectively managing profitability, intense price competition, high operating costs and taking better advantage of data, analytics and technology.

This report explores the key priorities and challenges, as well as the top trends facing the UK commercial property insurance industry today.